Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Polymarket Perps+0.049%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 3 days (all we have)+0.125%+$13 · spread now +0.049%, 7d avg +0.051%

Together, before fees+0.558%+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2465	0.0100	pay 0.0013% / 1h	57m 03s	$96K	$626K	10x
Short	BloFin ADA-USDT	0.2466	0.0220	get 0.0220% / 8h	57m 03s	$4.4M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.049%Rate

Funding earned: $25.2
Price spread: +0.049% → +0.051%: −$0.19
Slippage, 4 orders: −$18.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.91
Costs to cover: 0.389%
Break-even: 10.9 days

Slippage from Polymarket Perps: live order book, 21 min ago; BloFin: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 21 min ago	0.20 bp	8.1 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	4.07 bp	10.1 bp −$10	12.0 bp −$120	20.9 bp −$2,094	41.3 bp −$20.6K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2463	−0.058%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2465	+0.008%	$155K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.049%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2464	−0.032%	$414K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2466	+0.049%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.024%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	−0.011%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.059%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	+0.005%	$102.4M	$360.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2465	+0.008%	$71.8M	$102.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.008%	$32.1M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.073%	$97.3M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	−0.032%	$52.4M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	−0.020%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.032%	$66.1M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2464	−0.032%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.012%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.228%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	−0.111%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.215%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	−0.154%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2465	long leg	$96K	$626K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.032%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.003%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.008%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.016%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2465	−0.003%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	−0.032%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	−0.077%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	−0.052%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2465	+0.005%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2465	−0.008%	$4K	$78K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2466	+0.049%	$4.4M	$5.5M	75x
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.252%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2465	−0.010%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0318%	1h	0.2465	+0.020%	$485K	$399K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2464	−0.045%	$122K	—	100x	as long as short